ahoo has sold its investment in China’s leading e-commerce site, Alibaba.com. The sale was announced on Monday. About $150 million pretax windfall is expected from the sale. Yahoo had owned a 1 percent stake in Alibaba.com.

Yahoo invested about $100 million in Alibaba.com through an IPO completed in November 2007. The values of the shares have increased since then.

Yahoo still holds a roughly 40 percent stake in Alibaba.com’s owner, the Alibaba Group, and says that it will keep on holding the share.

Related posts